5. MLS: Jose Cancela leaves Toronto for Colorado

The Colorado Rapids acquired Uruguayan midfielder Jose Cancela from Toronto FC in exchange for a Youth Development roster spot secured until 2009.

Cancela, 30, joined Toronto in the offseason from New England, where he notched seven goals and 31 assists in 94 regular-season and playoff games since joining the Revs in the middle of the 2003 season.
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